Remove Account Takeovers Remove Credential Remove Smishing
article thumbnail

How Fraudsters Create New Schemes With Social Engineering

PYMNTS

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. These schemes rely on other means of communication: telephone calls for vishing and text messages for smishing.

article thumbnail

How Machine Learning Fights “Hypnofraud”

FICO

Phishing, Smishing, Hypnofraud and More. Fraudsters use a range of tactics to commit social engineering; email (phishing) and text message (smishing) are time-tested winners. Fraudsters use a range of tactics to commit social engineering; email (phishing) and text message (smishing) are time-tested winners.